Honeywell International Inc. (NYSE:HON) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its holdings in shares of Honeywell International Inc. (NYSE:HON) by 331.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,555 shares of the conglomerate’s stock after acquiring an additional 10,413 shares during the quarter. Honeywell International comprises approximately 0.7% of Edgestream Partners L.P.’s holdings, making the stock its 27th largest position. Edgestream Partners L.P.’s holdings in Honeywell International were worth $1,693,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HON. Paloma Partners Management Co lifted its holdings in shares of Honeywell International by 19.9% in the first quarter. Paloma Partners Management Co now owns 24,023 shares of the conglomerate’s stock valued at $3,001,000 after buying an additional 3,989 shares during the period. National Asset Management Inc. lifted its holdings in shares of Honeywell International by 2.8% in the first quarter. National Asset Management Inc. now owns 12,878 shares of the conglomerate’s stock valued at $1,610,000 after buying an additional 353 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Honeywell International by 7.4% in the first quarter. AQR Capital Management LLC now owns 885,314 shares of the conglomerate’s stock valued at $110,549,000 after buying an additional 60,822 shares during the period. Investment Centers of America Inc. lifted its holdings in shares of Honeywell International by 2.7% in the first quarter. Investment Centers of America Inc. now owns 21,815 shares of the conglomerate’s stock valued at $2,710,000 after buying an additional 579 shares during the period. Finally, Scopus Asset Management L.P. lifted its holdings in shares of Honeywell International by 553.8% in the first quarter. Scopus Asset Management L.P. now owns 425,000 shares of the conglomerate’s stock valued at $53,070,000 after buying an additional 360,000 shares during the period. Institutional investors own 75.77% of the company’s stock.

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Shares of Honeywell International Inc. (NYSE HON) opened at 141.75 on Monday. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $142.06. The company’s 50-day moving average price is $137.60 and its 200 day moving average price is $132.42. The company has a market cap of $107.81 billion, a P/E ratio of 21.98 and a beta of 0.94.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the firm earned $1.70 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.

Several equities research analysts have recently commented on the company. HSBC Holdings plc assumed coverage on Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 target price (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, June 28th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $140.00 target price on shares of Honeywell International in a report on Monday, July 17th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $142.22.

In other news, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the sale, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction

A number of other hedge funds have also made changes to their positions in HON. Paloma Partners Management Co lifted its holdings in shares of Honeywell International by 19.9% in the first quarter. Paloma Partners Management Co now owns 24,023 shares of the conglomerate’s stock valued at $3,001,000 after buying an additional 3,989 shares during the period. National Asset Management Inc. lifted its holdings in shares of Honeywell International by 2.8% in the first quarter. National Asset Management Inc. now owns 12,878 shares of the conglomerate’s stock valued at $1,610,000 after buying an additional 353 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Honeywell International by 7.4% in the first quarter. AQR Capital Management LLC now owns 885,314 shares of the conglomerate’s stock valued at $110,549,000 after buying an additional 60,822 shares during the period. Investment Centers of America Inc. lifted its holdings in shares of Honeywell International by 2.7% in the first quarter. Investment Centers of America Inc. now owns 21,815 shares of the conglomerate’s stock valued at $2,710,000 after buying an additional 579 shares during the period. Finally, Scopus Asset Management L.P. lifted its holdings in shares of Honeywell International by 553.8% in the first quarter. Scopus Asset Management L.P. now owns 425,000 shares of the conglomerate’s stock valued at $53,070,000 after buying an additional 360,000 shares during the period. Institutional investors own 75.77% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The legal version of this piece can be read at https://ledgergazette.com/2017/09/25/edgestream-partners-l-p-boosts-stake-in-honeywell-international-inc-hon.html.

Shares of Honeywell International Inc. (NYSE HON) opened at 141.75 on Monday. Honeywell International Inc. has a 52 week low of $105.25 and a 52 week high of $142.06. The company’s 50-day moving average price is $137.60 and its 200 day moving average price is $132.42. The company has a market cap of $107.81 billion, a P/E ratio of 21.98 and a beta of 0.94.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Friday, July 21st. The conglomerate reported $1.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.02. Honeywell International had a net margin of 12.68% and a return on equity of 26.60%. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the firm earned $1.70 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts forecast that Honeywell International Inc. will post $7.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 18th were issued a dividend of $0.665 per share. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Wednesday, August 16th. Honeywell International’s dividend payout ratio is currently 41.24%.

Several equities research analysts have recently commented on the company. HSBC Holdings plc assumed coverage on Honeywell International in a report on Wednesday, June 21st. They set a “buy” rating and a $147.00 target price for the company. BidaskClub raised Honeywell International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $141.00 target price (up from $137.00) on shares of Honeywell International in a report on Thursday, June 22nd. Zacks Investment Research raised Honeywell International from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, June 28th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $140.00 target price on shares of Honeywell International in a report on Monday, July 17th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $142.22.

In other news, insider Timothy O. Mahoney sold 341,701 shares of Honeywell International stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $138.08, for a total transaction of $47,182,074.08. Following the completion of the sale, the insider now directly owns 294,155 shares of the company’s stock, valued at approximately $40,616,922.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas A. Szlosek sold 803 shares of Honeywell International stock in a transaction on Monday, July 31st. The stock was sold at an average price of $137.02, for a total transaction of $110,027.06. Following the sale, the chief financial officer now directly owns 5,702 shares of the company’s stock, valued at $781,288.04. The disclosure for this sale can be found here. Insiders have sold a total of 354,108 shares of company stock valued at $48,886,463 over the last ninety days. 1.56% of the stock is currently owned by insiders.

Honeywell International Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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